You must read previous articles and
watch the given chart carefully to understand this article completely.
For 21 August 2015: -
On 19 August 2015, FII Sold INR – 423.72
crs and DII Bought INR 383.22 crs
I added ample shorts to enjoy today’s
gap down. It was quoted yesterday, “. If it breaks (8400) then it can be a
black Thursday or it may prepare for black Friday.”
So, Thursday was back and Friday it
all set to open with term “BLACK” as SGX Nifty is hinting for more than 100
points of gap down. We picked 8400 put as well as fresh short on Nifty Future
from 8410 levels. If I am right then we can expect 8200 without any significant
pullback.
My conclusion for resistance remains
same. Resistance is in the zone of 8530-8550 but I do not see any decisive
direction in market now. It can swing up and down for few move times by this
week itself. Some key momentum indicators like MACD is showing negative
divergence which is giving a favour for bears. You must have seen the impact of
negative divergence. My worst case target is 8000-7800.
For today’s trading session, enjoy
your short if you have forwarded like us. If not then just sit outside the
market. I must say that if you have not acted on time then this kind of market
is just not for you. We may prefer to add more fresh trades if levels favour
us. We are making trades with confident and consistency in this wave pattern.
Well, Mr. Prime Minister, have look
on equation of INR vs USD. Do controls before things go out of hand? The blind
assurance cannot help for longer run. As per economy is concern, I fail to see
any great chance with a change in power at centre. Situation is really
alarming. Even a small rise in crude oil price will result rupee hitting 70.
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Strategy for Nifty August future – Well, we have again took our
profit at 8475 but added at 8410 again. Meantime we added long on 8400 put @ 50
and I am expecting price of 8400 put to hit beyond 200 levels. Do not take
fresh short after gap down. If you are missing these moves then it is better to
join our Nifty subscription. You cannot catch these trades after proper time. I
have no suggestion for fresh trades.
S&P 500 (USA) – Here it comes what I was talking about from past so
many days. Always short anything near to 2110. Now it has finally broken 2040 levels
and moving towards 2000 levels. Thing what can happen once it breaks 2000? It can
see many more sever dip. I am dot right on my call that US market has formed
long term top at 2135. My big long term confirmation point is 2000 which I may
see by tonight.
